Brownback’s cash-reserves claim not the full story

cashSam Brownback loves to mention, as he did in a campaign fundraising letter this month, that the state had only $876 in the bank when he became governor, and that it now has hundreds of millions of dollars in cash reserves. But as Eagle reporter Bryan Lowry noted, the $876 was actually the balance on the last day of the fiscal year six months before Brownback was sworn in. And a main reason why the reserves rebounded was that Brownback’s predecessor, former Gov. Mark Parkinson, and the Legislature approved a temporary sales tax increase. What’s more, Brownback opposed that sales tax increase when he campaigned for governor. But after he was elected, he opposed revoking it and convinced the Legislature to make part of the increase permanent. And if the size of the cash balance is the measure of fiscal responsibility, shouldn’t Kansans be concerned that the balance is dropping rapidly because of state income tax cuts (which Brownback also fails to mention)?